# Forex market: Fed, Brexit and dollar in focus

> The dollar reached a 16-month high against a basket of currencies on bets for a Federal Reserve rate hike in December. Sterling fell about 1% on no-deal Brexit fears, and the euro weakened over Italy's budget standoff. The dollar index was up 0.66% at 97.54.

- Date: 2018-11-12 · published 2018-11-12T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62251-forex-market-fed-brexit-and-dollar-in-focus
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US grain and meal exports more expensive for importers, which can weigh on export demand and prices. The rally was driven by rate expectations and European political risk.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-11-28 | [Gold markets: The Fed, dollar in focus](https://feedsoft.ai/events/61959-gold-markets-the-fed-dollar-in-focus.md) | -0.8% | -0.8% |
| DXY | 2018-10-01 | [Gold markets: Dollar, the Fed, trade in focus](https://feedsoft.ai/events/62443-gold-markets-dollar-the-fed-trade-in-focus.md) | +0.7% | +1.8% |
| DXY | 2018-08-26 | [Asia markets: Fed comments and yuan in focus](https://feedsoft.ai/events/10044-asia-markets-fed-comments-and-yuan-in-focus.md) | +0.6% | -0.1% |
| DXY | 2020-09-23 | [Gold and Silver Hit by Hawkish Fed Boost to Dollar - Markets Insider](https://feedsoft.ai/events/51033-gold-and-silver-hit-by-hawkish-fed-boost-to-dollar-markets-insider.md) | +0.8% | -1.4% |
| DXY | 2017-10-30 | [Why breakouts in the dollar, Treasurys matter for the broader market](https://feedsoft.ai/events/68656-why-breakouts-in-the-dollar-treasurys-matter-for-the-broader-market.md) | -0.2% | -1.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/11/12/forex-market-fed-brexit-and-dollar-in-focus.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.